Discuss the income effect for normal and inferior goods

Mathematics

1 answer:

Virty [35]2 years ago

7 0

Answer:

➢ The income effect describes the relationship between an increase in real income and demand for a good. The result of the income effect for a normal good is discernible to that of an inferior good in that a positive income change causes a consumer to buy more of a normal good, but less of an inferior good.

$Into \: your Arms$

#CarryOnLearning

You might be interested in

A 10-foot ladder leans against a wall with its foot braced 3 feet from wallÍs base. How far up the wall does the ladder reach?

iren2701 [21]

The answer is √91 feet (which is the same as 9.54 feet).

Imagine this as a right triangle. A length of the foot is actually a hypotenuse (c). The distance from wall's base to the ladder foot is one of the sides of the triangle (let it be a).
So, using the Pythagorean theorem:
c² = a² + b²
It is given:
c = 10 feet
a = 3 feet
b = ?
c² = a² + b²
⇒ 10² = 3² + b²
100 = 9 + b²
b² = 100 - 9 = 91
⇒ b = √b² = √91 ≈ 9.54 feet

5 0

3 years ago

netineya [11]

Answer:

100+90+7

200+20

Step-by-step explanation:

5 0

3 years ago

Eighth grade Y.14 Solve equations with the distributive property SRP Solve for u. -9.6u - 6.96 = -3(2.4u – 4.72) – = U = Submit

Vladimir79 [104]

Answer:

2.93 repeating

Step-by-step explanation:

4 0

3 years ago

Can you help me with my math

romanna [79]

I can help if you want me to

5 0

3 years ago

Evaluate -d - euf-g if d = 5, e = -6, f = 7 and g = -9 -27 27 - 17 17

Sladkaya [172]

Answer:

You put the numbers twice, so I can't comprehend it.

Step-by-step explanation:

4 0

3 years ago

Discuss the income effect for normal and inferior goods​

Discuss the income effect for normal and inferior goods